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4 Mar, 2021 11:51

German bank closes RT-affiliated companies’ accounts, 1 month after German-language channel’s launch announced

German bank closes RT-affiliated companies’ accounts, 1 month after German-language channel’s launch announced

The company behind RT’s video agency Ruptly and RT DE Productions GmbH, which runs the German-language website, received a notice about their accounts being closed by Commerzbank.

Ruptly GmbH and RT DE Productions GmbH have been informed by Commerzbank that it will no longer offer them its services, with the decision set to come into force on May 31.

RT believes this to be part of a wider campaign to obstruct its work in Germany. Last November, Commerzbank inexplicably made its terms of service much less financially favorable for RT, starting an ongoing legal dispute. RT has been trying to find a replacement for Commerzbank, but several financial institutions, including Helaba, Deutsche Bank, DZ Bank, BNP Paribas, ING, HSBC, UBS, and HypoVereinsbank, have either ignored RT’s inquiries or refused to open accounts on its behalf.

Also on rt.com ‘Flagrant attack on democracy’: Moscow blasts Baltic states for ‘persecuting’ journalists working for Russia-linked outlets

The latest development comes one month after RT announced it is planning to launch a German-language TV channel in December 2021.

“Considering that Commerzbank is shutting down our account without any explanation and 20 other German and international financial organizations have refused to work with us, we have every reason to believe that RT in Germany has been targeted by what is essentially a financial embargo,” Dinara Toktosunova, the head of RT in Germany, said.

RT has experienced problems with access to banking services in Germany since at least 2017, when Commerzbank attempted to cancel its contract with Ruptly.

Also on rt.com In Latvia there is a campaign to DEHUMANIZE those working for Russian media, prosecuted journalist tells RT

Russian media in other Western nations have come under increased government pressure. The three Baltic states, Latvia, Lithuania, and Estonia, have threatened journalists working for outlets such as Sputnik with prosecution and have otherwise harassed them.

Moscow sees such cases as evidence of the hypocrisy of Western nations. Last month, Maria Zakharova, the spokesperson for the Russian Foreign Ministry, posted a laundry list of cases in which Russian journalists were obstructed or otherwise targeted, asking rhetorically: “So when do you think they will impose sanctions on themselves?”

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